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XMA.TO vs. IDMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XMA.TO vs. IDMO

Last updated Jun 14, 2026

XMA.TO (iShares S&P/TSX Capped Materials Index ETF) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - XMA.TO is a Materials fund tracking the S&P/TSX Capped Materials TR, while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Both are passively managed. Over the past 10 years, XMA.TO returned 13.48%/yr vs 13.60%/yr for IDMO. At a 0.27 correlation, their price movements are largely independent. XMA.TO charges 0.60%/yr vs 0.25%/yr for IDMO.

Performance

XMA.TO vs. IDMO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Capped Materials Index ETF (XMA.TO) and Invesco S&P International Developed Momentum ETF (IDMO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XMA.TO is traded in CAD, while IDMO is traded in USD. To make them comparable, the IDMO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XMA.TO achieves a 1.98% return, which is significantly lower than IDMO's 10.37% return. Both investments have delivered pretty close results over the past 10 years, with XMA.TO having a 13.48% annualized return and IDMO not far ahead at 13.60%.

XMA.TO

1D
3.03%
1M
-10.24%
YTD
1.98%
6M
3.38%
1Y
53.64%
3Y*
33.28%
5Y*
18.78%
10Y*
13.48%

IDMO

1D
1.54%
1M
0.96%
YTD
10.37%
6M
11.66%
1Y
28.17%
3Y*
27.08%
5Y*
18.89%
10Y*
13.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XMA.TO vs. IDMO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XMA.TO
iShares S&P/TSX Capped Materials Index ETF		1.98%99.21%20.72%-2.04%1.35%3.32%19.73%24.64%-10.44%7.12%
IDMO
Invesco S&P International Developed Momentum ETF		10.37%35.68%22.34%17.30%-6.45%14.25%19.11%20.89%-9.65%20.46%

Correlation

The correlation between XMA.TO and IDMO is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.51

Correlation (3Y)
Calculated over the trailing 3-year period

0.44

Correlation (5Y)
Calculated over the trailing 5-year period

0.43

Correlation (10Y)
Calculated over the trailing 10-year period

0.33

Correlation (All Time)
Calculated using the full available price history since Feb 24, 2012

0.27

Over the past year, XMA.TO and IDMO have become more correlated (0.51) than their long-term average of 0.27, meaning their price movements have been converging.

XMA.TO vs. IDMO - Sectors Allocation Comparison

Sectors
XMA.TO
IDMO

Basic Materials

98.1%
10.6%

Consumer Cyclical

1.6%
1.5%

Industrials

0.0%
21.3%

Communication Services

-

2.1%

Consumer Defensive

-

2.5%

Energy

-

1.7%

Financial Services

-

43.2%

Healthcare

-

1.1%

Real Estate

-

1.8%

Technology

-

6.2%

Utilities

-

7.9%

Basic Materials

XMA.TO
98.1%
IDMO
10.6%

Consumer Cyclical

XMA.TO
1.6%
IDMO
1.5%

Industrials

XMA.TO
0.0%
IDMO
21.3%

Communication Services

XMA.TO

-

IDMO
2.1%

Consumer Defensive

XMA.TO

-

IDMO
2.5%

Energy

XMA.TO

-

IDMO
1.7%

Financial Services

XMA.TO

-

IDMO
43.2%

Healthcare

XMA.TO

-

IDMO
1.1%

Real Estate

XMA.TO

-

IDMO
1.8%

Technology

XMA.TO

-

IDMO
6.2%

Utilities

XMA.TO

-

IDMO
7.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P/TSX Capped Materials Index ETF

Invesco S&P International Developed Momentum ETF

Often compared with XMA.TO:
XMA.TO vs. XGD.TOXMA.TO vs. XETM.TOXMA.TO vs. XIC.TOXMA.TO vs. ZUT.TOXMA.TO vs. XIT.TOXMA.TO vs. XEQT.TOXMA.TO vs. XBM.TO
Often compared with IDMO:
IDMO vs. MTUMIDMO vs. SPMOIDMO vs. IDHQIDMO vs. VXUSIDMO vs. AVDSIDMO vs. EFGIDMO vs. AVDV

Return for Risk

XMA.TO vs. IDMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XMA.TO
XMA.TO Risk / Return Rank: 4444
Overall Rank
XMA.TO Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
XMA.TO Sortino Ratio Rank: 3939
Sortino Ratio Rank
XMA.TO Omega Ratio Rank: 4747
Omega Ratio Rank
XMA.TO Calmar Ratio Rank: 4545
Calmar Ratio Rank
XMA.TO Martin Ratio Rank: 3838
Martin Ratio Rank
IDMO
IDMO Risk / Return Rank: 4444
Overall Rank
IDMO Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
IDMO Sortino Ratio Rank: 4343
Sortino Ratio Rank
IDMO Omega Ratio Rank: 4242
Omega Ratio Rank
IDMO Calmar Ratio Rank: 4343
Calmar Ratio Rank
IDMO Martin Ratio Rank: 5151
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XMA.TO vs. IDMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Materials Index ETF (XMA.TO) and Invesco S&P International Developed Momentum ETF (IDMO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

XMA.TOIDMODifference
Sharpe ratioReturn per unit of total volatility
1.46
1.42

+0.04

Sortino ratioReturn per unit of downside risk
1.83
2.09

-0.26

Omega ratioGain probability vs. loss probability

1.27

1.26

+0.01

Calmar ratioReturn relative to maximum drawdown

1.97

2.18

-0.21

Martin ratioReturn relative to average drawdown

5.39

8.88

-3.49

XMA.TO vs. IDMO - Sharpe Ratio Comparison

The current XMA.TO Sharpe Ratio is 1.46, which is comparable to the IDMO Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of XMA.TO and IDMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

XMA.TO vs. IDMO - Drawdown Comparison

The maximum XMA.TO drawdown since its inception was -64.42%, which is greater than IDMO's maximum drawdown of -30.46%. Use the drawdown chart below to compare losses from any high point for XMA.TO and IDMO.

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Drawdown Indicators

XMA.TOIDMODifference

Max Drawdown

Largest peak-to-trough decline

-64.42%

-30.46%

-33.96%

Max Drawdown (1Y)

Largest decline over 1 year

-28.51%

-11.93%

-16.58%

Max Drawdown (3Y)

Largest decline over 3 years

-28.51%

-13.13%

-15.38%

Max Drawdown (5Y)

Largest decline over 5 years

-33.06%

-21.90%

-11.16%

Max Drawdown (10Y)

Largest decline over 10 years

-33.06%

-25.51%

-7.55%

Current Drawdown

Current decline from peak

-23.00%

-0.71%

-22.29%

Average Drawdown

Average peak-to-trough decline

-27.07%

-6.98%

-20.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.41%

2.93%

+7.48%

Volatility

XMA.TO vs. IDMO - Volatility Comparison

iShares S&P/TSX Capped Materials Index ETF (XMA.TO) has a higher volatility of 15.41% compared to Invesco S&P International Developed Momentum ETF (IDMO) at 8.05%. This indicates that XMA.TO's price experiences larger fluctuations and is considered to be riskier than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XMA.TOIDMODifference

Volatility (1M)

Calculated over the trailing 1-month period

15.41%

8.05%

+7.36%

Volatility (6M)

Calculated over the trailing 6-month period

32.63%

16.28%

+16.35%

Volatility (1Y)

Calculated over the trailing 1-year period

38.59%

18.31%

+20.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.96%

19.00%

+8.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.78%

19.23%

+7.55%

XMA.TO vs. IDMO - Expense Ratio Comparison

XMA.TO has a 0.60% expense ratio, which is higher than IDMO's 0.25% expense ratio.

Dividends

XMA.TO vs. IDMO - Dividend Comparison

XMA.TO's dividend yield for the trailing twelve months is around 0.39%, less than IDMO's 3.52% yield.

PositionTTM20252024202320222021202020192018201720162015
IDMO
Invesco S&P International Developed Momentum ETF		3.52%3.71%2.24%2.89%3.66%1.81%1.63%2.78%3.27%3.08%2.18%2.52%
XMA.TO
iShares S&P/TSX Capped Materials Index ETF		0.39%0.41%0.83%1.26%1.24%0.87%0.63%0.64%0.75%0.47%0.82%1.87%

Frequently Asked Questions

XMA.TO and IDMO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IDMO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IDMO is cheaper with a 0.25% expense ratio, compared with 0.60% for XMA.TO.

XMA.TO is categorized as Materials, while IDMO is Momentum. XMA.TO tracks S&P/TSX Capped Materials TR, while IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.60% for XMA.TO and 0.25% for IDMO.

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